The Crisis and citizens' trust in central banks. CEPS Commentaries, 26 August 2009

Abstract

Despite the constructive role played by central banks in stabilising financial systems throughout the crisis, trust in central banks has declined and the reaction of central banks to the crisis is generally judged as unsatisfactory. In a new Commentary, Daniel Gros and Felix Roth warn that central bankers all over the world must redouble their efforts to regain the trust of their citizens towards their institutions or they will face political problems sooner or later.